The Council of Ministers of Bosnia and Herzegovina, at the proposal of the Ministry of Foreign Trade and Economic Relations, unanimously passed the Decision on the temporary suspension and temporary reduction of customs rates for the import of certain goods until December 31, 2024, in accordance with the Law on Customs Tariffs.
The goal of this temporary measure, as announced after the session by the VMBiH, is to support BiH economy and more competitive and favorable business, while maintaining existing jobs, as well as new employment.
The decision covers 68 tariff codes compared to 63 covered in 2023 in the textile, footwear, chemical, metal, food and graphic industry sectors, as well as the electrical industry.
The goods covered by this decision are materials and raw materials that are considered raw materials, because they are used by BiH producers in their own production for the production of finished products, in production for export or are a substitution of imported products, which cannot be obtained on the domestic market in the quantities and quality required for the production of finished products.
Customs rates on goods included in this decision do not apply to goods originating from countries with which BiH has signed free trade agreements.
